Prediction markets behaving badly, but will regulators act?

Homepage > News > Business > Prediction markets behaving badly, but will regulators act? TL;DR: Prediction markets are expanding into crypto and other event contracts, but allegations of wash trading, concerns over market manipulation and fraud, as well as growing scrutiny from American regulators and lawmakers are raising questions about how these platforms are being run. Key Takeways: Kalshi denies CFTC probing wash trades of ETH perps amid allegations of unusually high trading volumes Democrats cry foul over GOP private meeting with prediction execs CFTC warns (sorta) platforms re mention market manipulation and the risks of insider trading Polymarket: Damn the fraudulent torpedoes, full speed ahead Prediction markets offered more controversy this week thanks to allegations of wash trading by market makers, but do regulators or elected officials care? Prediction markets gave many customers their first exposure to digital assets during this summer’s FIFA World Cup; now the platforms are hoping these customers will enjoy betting on whether digital asset prices rise or fall. On September 18, Vlad Tenev, CEO of the Robinhood (NASDAQ: HOOD) trading platform that added a pred...